BlackRock Inc.'s Evy Hambro, manager of its $8 billion World Mining Fund, said gold supply may fall “quite rapidly” as producers curb output at expensive mines.
Subpar performance prompted investors to pull money for the 18th consecutive quarter.
CEO Laurence D. Fink said BlackRock has the potential to increase its asset base by about 5% annually by developing new ETFs and expanding its reach among individual investors.
“It's a very large source of demand” from the pension funds, said Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP.
Why one investment manager says a correction is inevitable
Money managers reduced their net-long position by 2.8%.
Declining stocks worry people sick, if hospital records are any guide
Declining stocks worry people sick, if hospital records are any guide. A new study has found that hospitalizations rise on days when shares fall, and “people are hospitalized disproportionately for mental conditions.”
“2014 is going to be a better year,” Martin Feldstein, a professor at Harvard University and chairman of the Council of Economic Advisers under President Ronald Reagan, said .
Some investors lost faith in the metal as a store of value amid a rally in equities and an improving economy
